Question: 3. Consider the following aggregate production function: E asrx, r.) K a. How does the country's employment (L) at point D compare to that at

3. Consider the following aggregate production function: E asrx, r.) K a. How does the country's employment (L) at point D compare to that at point B? Explain your reasoning. b. How does the MPK at point D compare to that at point B? Explain your reasoning. I::. How does the MPL at point D compare to that at point B? Explain your reasoning. d. Draw the same production relationship but. this time, in the Yl. space and show points D and B. Label everything properly. Explain your reasoning. e. Show the effect of a decline in total factor productivity {A} on the production function in both the YKand the YL spaces. Explain the reasoning in detail

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